Is New Keynesian Economics Really New? An Answer in a New Keynesian Perspective

Benassi, Corrado ; Chirco, Alessandra ; Colombo, Caterina (1996) Is New Keynesian Economics Really New? An Answer in a New Keynesian Perspective. Bologna: Dipartimento di Scienze economiche DSE, p. 20. DOI 10.6092/unibo/amsacta/5055. In: Quaderni - Working Paper DSE (255). ISSN 2282-6483.
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Abstract

This paper contrasts the descriptive and normative properties of the New Keynesian general equilibrium models with those of other Keynesian paradigms, such as the neoclassical sintesi and the post Keynesian ones. We argue that the co-ordination failures, which are pivotal within the New Keynesian setup deliver an alternative picture of the market economies with respect to three key Keynesian issues: the interpretation of the failure of Say's Law, the monetary nature of the economy, the role of the state within a market economy.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Benassi, Corrado
Chirco, Alessandra
Colombo, Caterina
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ISSN
2282-6483
DOI
Deposit date
04 Apr 2016 15:15
Last modified
04 Apr 2016 15:15
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